PART 2Subsidy control requirements

CHAPTER 3Transparency

34Information to be included in the subsidy database

1

The Secretary of State may by regulations make provision about the information that must be included in a public authority’s entry in the subsidy database in relation to a subsidy or subsidy scheme.

2

The regulations may, in particular, require a public authority’s entry to include—

a

the power under which the subsidy is given;

b

the policy objective of the subsidy or scheme;

c

the name of the beneficiary to which the subsidy is given;

d

the date the public authority confirms the decision to give the subsidy or make the scheme;

e

the duration of the subsidy or scheme;

f

any time limits or other conditions attached to the use of the subsidy or scheme;

g

the amount of the subsidy or scheme or the amount budgeted for the subsidy or scheme;

h

the location of any of the information mentioned in paragraphs (a) to (g) and subsection (3);

i

the location of any other publicly available information relating to the subsidy or scheme.

3

In relation to subsidy schemes, the regulations may require a public authority’s entry to include—

a

the categories of beneficiary eligible to receive subsidies under the scheme;

b

the terms and conditions for subsidy eligibility;

c

the basis for the calculation of the subsidy including any relevant conditions relating to subsidy ratios.

4

Regulations under this section are subject to the negative procedure.